Market down on fragile confidence

Shares rebounded on August 14 after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks (Photo: VNA) Hanoi (VNA) – Shares rebounded on August 14 after four consecutive downturns on the two national stock exchanges last week, boosted by recovery of large-cap stocks. The VN-Index on the HCM Stock Exchange picked up 0.53 percent to close at 776.17 points. The benchmark index slipped 2.64 percent in the last four sessions. Only four of the top 30 largest shares by market value and liquidity on the southern exchange tumbled, while 22 advanced. Capital was channeled into various sectors, including banks, steel and pharmaceutical firms, construction and real estate. Banks were among the biggest gainers with five of listed lenders gaining value; four of the largest banks by market value – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – increased between 0.5 percent and 3.6 percent. Advancers also included steelmakers Hoa Phat Group (HPG) and Hoa Sen Group (HSG), DHG Pharmaceutical (DHG), Kinh Bac City Development (KBC), FLC Faros Construction (ROS), HCM Infrastructure Investment (CII) and PV Gas (GAS). On the negative side, the two biggest firms food and beverage industry firms, Vinamilk (VNM) and Sabeco (SAB), slumped and restrained the market rise. “However, the VN30-Index increasing further than the VN-Index indicated investors’ tendency to increase their portfolio proportion of the large-cap stocks in the VN30 basket,” analysts at BIDV Securities…... [read more]

Traders at an online bond auction at the Hanoi Stock Exchange. (Photo: VNA) Hanoi (VNA) - Vietnamese shares have had a rough losing week and the next five trading sessions at least are likely to trade negatively, according to analysts and brokerage companies. The benchmark VN Index on the Ho Chi Minh Stock Exchange and the HNX Index on the Hanoi Stock Exchange respectively inched down 0.2 percent and 0.1 percent to close at 772.08 points and 100.86 points on August 11. The two stock indices have posted losses of 2.6 percent and 1.5 percent in four consecutive sessions. They also declined by 2.1 percent and 1 percent from the previous week’s closing levels. The decline has been attributed to investors affected by rising tensions between the US and the Democratic People’s Republic of Korea and by false news about the arrest of a former bank executive on August 9. The loss in investor confidence as a result of the bad news affected local stocks, bringing the VN Index down 2.3 percent, the biggest loss in the last 20 months, and the HNX Index down 1.2 percent, costing the stock market 2 billion USD in market capitalisation. Liquidity was quite low in the last two trading sessions of the week after having risen sharply on August 9 on investors’ sell-offs of local stocks. An average of 307.3 million shares worth 4.72 trillion VND (209.7 million USD) was traded in each session on both…... [read more]

Traders’ inspection before an online bond auction at the Hanoi Stock Exchange. — VNA/ VNS Photo Tuan Anh Vietnamese shares have had a rough losing week and the next five trading sessions at least are likely to trade negatively, according to analysts and brokerage companies. The benchmark VN Index on the HCM Stock Exchange and the HNX Index on the Ha Noi Stock Exchange respectively inched down 0.2 per cent and 0.1 per cent to close Friday at 772.08 points and 100.86 points. The two stock indices have posted losses of 2.6 per cent and 1.5 per cent in four consecutive sessions. They also declined by 2.1 per cent and 1 per cent from the previous week’s closing levels. The decline has been attributed to investors affected by rising tensions between the US and North Korea and by false news about the arrest of a former bank executive on Wednesday. The loss in investor confidence as a result of the bad news affected local stocks, bringing the VN Index down 2.3 per cent, the biggest loss in the last 20 months, and the HNX Index down 1.2 per cent, costing the stock market US$2 billion in market capitalisation. Liquidity was quite low in the last two trading sessions of the week after having risen sharply on Wednesday on investors’ sell-offs of local stocks. An average of 307.3 million shares worth VND4.72 trillion (US$209.7 million) was traded in each session on…... [read more]

Trading orders are made at Hanoi Stock Exchange (Source: VNA) Hanoi (VNA) - Vietnamese shares extended losses for a third straight session on August 10 but investor confidence showed signs of improvement after being brought down by false news and global tension. The benchmark VN Index on the HCM Stock Exchange went down slightly to close at 773.43 points, little changed from August 9’s closing level. The HNX Index on the Hanoi Stock Exchange inched down 0.10 percent to end at 100.97 points. The two indices have lost total 2.5 percent and 1.4 percent after the last three sessions. More than 257.5 million shares were traded on both local exchanges, worth 3.87 trillion VND (171.9 million USD). The trading figures were down nearly 40 per cent in both volume and value compared to August 9’s numbers. The stock market performed positively on August 10 and it could recover in coming sessions as investor sentiment improved after being rocked a day before, according to Bao Viet Securities Company (BVSC). Vietnam’s stock market on August 9 tumbled, posting the worst fall in 20 months, after tension between the US and the Democratic People’s Republic of Korea escalated and false news about the arrest of a former highly-ranking bank executive. Investor confidence was dampened, which triggered a large-scale sell-off on the stock market, made investors turn to less risky assets such as gold, brought all 20 sectors of the stock market down…... [read more]

Deputy Prime Minister Vuong Dinh Hue (Source: VNA) Hanoi (VNA) – A ceremony was held by the Ministry of Finance and the State Securities Commission in Hanoi on August 10 to launch the derivatives market, which is expected to limit risks and diversify investment products, thereby increasing the securities market’s attractiveness.  Addressing the event, Deputy Prime Minister Vuong Dinh Hue asked the operators of the derivatives market to run the market in a smooth, stable, transparent and safe manner. He asked the Finance Ministry to continue working closely with other ministries, agencies concerned and localities to refine relevant mechanisms in line with international practices. The derivatives market will help increase the liquidity and scale of the stock market and support it to grow stably and be a safe, long-term capital mobilization channel to service the country’s economic growth, he said. According to Hue, the stock and bond markets currently account for 57 percent and 24 percent of the gross domestic product (GDP), respectively. The capital raised via the securities market make up roughly 23 percent of the total social investment. Chairman of the State Securities Commission (SSC) Tran Van Dung said the SSC will continue directing the Hanoi Stock Exchange and the Vietnam Securities Depository to study more products to put them up on the market, adding that the VN30-Index futures contract will be the first product in derivatives market. In the near future, HNX30-Index and government bond…... [read more]

An investor watches stocks move at Vietcombank Securities Company (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares tumbled on August 9 on both local markets as investors triggered large-scale sell-offs following rising tensions between the US and the Democratic People’s Republic of Korea and false news about the arrest of a former banker. The benchmark VN Index on the HCM Stock Exchange plunged 2.26 percent to close at 773.66 points, extending its decline for a second session with total loss of 2.4 percent. The HNX Index on the Hanoi Stock Exchange dropped 1.19 percent to end at 101.07 points. The northern market index inched down 0.1 percent on August 8. The stock market turned chaotic when investors triggered large-scale sell-offs in all sectors with nearly 428.5 million shares being traded on both local bourses, worth 6.3 trillion VND (280 million USD). August 9’s trading figures were up 36 percent in volume and 29 percent in value compared to the previous session’s numbers. Among all 20 industries, the worst declining stocks were found in financial-banking, energy and real estate sectors. Vietnam’s stock market plunged on August 9 as investor confidence was pulled down by rising tension between the US and the Democratic People’s Republic of Korea threatening to conduct military action against each other, according to Bao Viet Securities Company (BVSC). Rising tension between the two countries caused investors around the globe to drop stocks and turn to safe havens such as gold. …... [read more]

Hanoi Stock Exchange on August 9, 2017The Saigon Times Daily HNX-INDEX: 102.28 (-0.12%) Stock Price Change Volume ACB              25,600 -400           1,649,412 ACM                2,400 -100           1,945,210 ADC              15,000 0                     200 ALT              13,300 0                        -   ALV              12,000 -500              100,200 AMC              27,000 0                  1,000 AME                4,500 0                        -   AMV              15,400 0                  1,000 API              29,900 -1,600                  7,300 APP              11,000 0                        -   APS                4,900 -500           2,863,505 ARM              31,200 -1,800                  1,000 ASA                3,400 +100              851,970 ATS              13,700 +400                38,200 B82                2,600 -100                  2,000 BAX              20,000 0                        -   BBS              14,000 0                        -   BCC              10,200 -100              142,683 BDB                9,900 0                        -   BED              38,000 +1,000                     200 BHT                4,400 0                        -   BII                3,500 0           1,386,500 BKC                6,000 -500                     294 BLF                4,500 -200                23,100 BPC              16,300 -400                     900 BSC              16,000 0                        -   BST              13,300 0                        -   BTS                7,100 0                     110 BVS              21,300 +100                33,720 BXH              17,600 0                        -   C69                7,100 0                64,100 C92                6,500 0                        -   CAN              24,400 -2,600                     100 CAP              31,800 +500                  8,600 CCM              40,000 0                        -   CDN              25,000 +200                     100 CEO              10,500 -100           1,798,050 CET              10,700 -1,100              139,300 CJC              37,000 +2,000                       …... [read more]

Shares retreat after three-day rally (Illustrative image. Source: VNA) Hanoi (VNA) - Vietnamese shares fell slightly on both local markets on August 8 as investors tried to take profits from the exchanges’ three-day rallies. The benchmark VN Index on the HCM Stock Exchange dropped 0.18 percent to close at 791.57 points. It had risen total 0.9 percent in the previous three sessions. The HNX Index on the Hanoi Stock Exchange retreated from a three-day increase of 1.4 percent. It inched down 0.12 percent to end at 102.28 points. More than 315.3 million shares were traded across the two local exchanges, worth 4.87 trillion VND (216.7 million USD). August 8’s trading figures were almost unchanged in comparison with the previous day. Listed companies saw their stocks decline across all key sectors such as banks, financials, brokerages and energy firms as they were hit by investors’ profit-taking. Among the nine listed banks, only shares of Vietcombank (VCB) and Bank for Investment and Development of Viet Nam (BID) advanced. Insurance and brokerage firms saw strong falls in the shares of Bao Minh Insurance (BMI), Vietnam National Reinsurance Corp (VNR), VNDirect Securities (VND), FPT Securities (FTS), Sai Gon-Ha Noi Securities (SHS) and HCM City Securities (HCM). Meanwhile, energy stocks such as PetroVietnam Technical Services (PVS) and PetroVietnam Drilling and Well Services (PVD) were pulled down as oil prices traded in negative territory across Asia markets. Other sectors in which stocks declined sharply and weighed…... [read more]

Hanoi Stock Exchange on August 8, 2017The Saigon Times Daily HNX-INDEX: 102.28 (-0.12%) Stock Price Change Volume ACB              26,000 0                       26 ACM                2,500 0                         3 ADC              15,000 0                       15 ALT              13,300 0                       13 ALV              12,500 -100                       13 AMC              27,000 +500                       27 AME                4,500 0                         5 AMV              15,400 -200                       15 API              31,500 +1,500                       32 APP              11,000 0                       11 APS                5,400 +200                         5 ARM              33,000 0                       33 ASA                3,300 +300                         3 ATS              13,300 +700                       13 B82                2,700 +100                         3 BAX              20,000 0                       20 BBS              14,000 0                       14 BCC              10,300 -400                       10 BDB                9,900 0                       10 BED              37,000 0                       37 BHT                4,400 0                         4 BII                3,500 -200                         4 BKC                6,500 +300                         7 BLF                4,700 -300                         5 BPC              16,700 0                       17 BSC              16,000 0                       16 BST              13,300 0                       13 BTS                7,100 +100                         7 BVS              21,200 -100                       21 BXH              17,600 0                       18 C69                7,100 +100                         7 C92                6,500 0                         7 CAN              27,000 0                       27 CAP              31,300 -700                       31 CCM              40,000 0                       40 CDN              24,800 -200                       25 CEO              10,600 0                       11 CET              11,800 -1,300                       12 CJC              37,000 +2,000                      …... [read more]

A trading session takes place at MB Securities Company (Photo: VNA) Hanoi (VNS/VNA) - Vietnamese shares extended gains on August 7 for a third session as positive investor confidence lifted sectors such as energy and banking-finance industries and several individual large-cap stocks. The benchmark VN Index on the HCM Stock Exchange rose 0.55 percent to close at 792.98 points, extending its gain for a third session from a two-day increase of 0.3 percent. The HNX Index on the Hanoi Stock Exchange added 0.46 percent to end at 102.40 points. It has risen total 1 percent in the previous two sessions. More than 311.2 million shares were traded on both local exchanges, worth 4.8 trillion VND (213.4 million USD). The trading figures on August 7 were up 2.7 percent in value and 16.4 percent in volume compared to August 4. Banking, insurance-finance, brokerage and energy sectors were the biggest gainers among 20 industries on the stock market. The four sectors posted growth rates of 0.29 percent, 0.86 percent, 1.1 percent and 0.86 percent, respectively. Among insurance-finance and brokerage companies, BIDV Insurance (BIC), BIDV Securities (BSI), MB Securities (MBS), FPT Securities (FTS) and Agribank Securities (AGR) were the firms that saw their share prices rise more than 2 percent each. Among the nine listed banks, Sai Gon-Hanoi Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Bank for Investment and Development of Vietnam (BID) were the four gainers. PetroVietnam Gas…... [read more]




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